The proposed bill aims to enhance transparency in campaign financing by requiring the reporting and disclosure of electioneering communications. It introduces a new section to the Arkansas Code, specifically 7-6-232, which defines "coordinated communications" as in-kind contributions to candidates or political entities that are made in cooperation with them. The bill establishes that these coordinated communications will be subject to existing contribution limits and outlines the criteria for determining whether a communication qualifies as coordinated. It also clarifies the roles of authorized agents and the types of political advertisements that fall under this definition.

Additionally, the bill specifies that coordinated communications do not include certain types of endorsements or solicitations unless they directly promote or oppose candidates in the same election. It provides detailed definitions of terms such as "political advertisement" and outlines the thresholds for determining whether communications are targeted to relevant electorates. Overall, the legislation seeks to regulate the financial aspects of campaign communications more strictly, ensuring that any coordination between candidates and external entities is transparent and within legal limits.